2021-03-31-accounts - The Pg & Nj Boulton Trust Limited

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		Page
Informed on
Trustees' Annual Report (lrcluding	Directors' Report)	2-5
Independent Exandners' Report
Summary hcome and Expenditme	Account
Statement ofFinancial Activities
(including Income and Expenditure	Account)
Edance Sheet
Notes to the Fmancial Statements		IO-15

	MrALPerry
	Mrs SPerry
	MrPH Stafford
	Miss M Jardttss-Smith
INTERNET ADDRESS	httpg/www. boultontrust. org.uk
REGISTEREDOFFICE	The PG ds NIBoulton Trust				Limited
	392- 394Hoylake Road
	Moreton
	Wirral
	CH46 6DF
	Hailwood dt Co
	392 -394Hoylake		Road
	Moreton
	Whrat
	CH46 6DF
	Lloyds TSBpic
	1stFloor
	355Woodchmeh Road B~,CH42 8PE
SOLICITORS	Lees Solicitms LLP
	44/45 Hamilton	Square
	Bidcenhead
	Wirral
	CH41 5AR
STOCKBROKERS	Barclays Insestment			Solutions	Limited
	1 Churchill Ptao:
	Lmrdon
	E145HP
PROPERTY MANAGERS	Neaten Pmperty	Management			Limited
	c/o 38-40King Stnet
	Wallasey
	Wirral
	CH44 8AU

	Note
Income Gaind(losses) un investments lntemu and investment income		160,680 484,345 8,447	166,707 (71,331) 10.572
Total income		653,472	105,948
Expenditure	9,10	(134,080)	(140,058)
Net incomej(expenditure) fortbe year		519,392	(34,110)

						Unrestricted	Funds
					Note	2021	2020
						8	8
Income and endowments from:
investments:
Rental income						160,680	166,707
Interest - deposits
Dividends -equities						8,447	10,572
Total income and endowments						169,127	177,279
Expenditure on:
Raising funds					10	65,418	70,607
Charitable activities					9	68,662	69,451
Total expenditure						134,080	140,058
Net gains/losses on investments
Realised gains/(loses)
Loss compared to revalued		amount	on property	disposal
Realised gains/(losses)	on	disposal ofshnes					649
Unresliscd gains/(losses)
Revahation gain/(lass)	-investments				3b	57,879	(41,208)
Revaluation gain/(loss)	- buildings				3a	426,375	(30,772)
Net gains/(losses) on investments						484,345	(71,331)
Net income/(expenditure) and net movement			in funds			519,392	(34,110)
Reconciliation offunds:
Total funds brought forward						4,441,053	4,475,163
Total funds carried forward						4,960,445	4,441,053

IESTMET
NVN ASSETS	2021	2020
Freehold land and buildings at valuation		g
Brought forwaid Additions Surplus/(deficit) un revaluation Realised on disposal	4,120,000 60,625 426,375	4,145,000 5,772 (30,772)
Disposals
	4,607,000	4,120,000

(b)	Invesbnents	gated on~UKStock Eucbanges	gated on~UKStock Eucbanges	gated on~UKStock Eucbanges
	Market value	at start ofyear			261318	332,809
	Addidons
	Disposals Net unrealised		iovesmumt gains/(tosses)		(736) 57,879	(30,283) (41')
	Market valoe	atend ofyear			318,461	261,318
	Revaluation (surplus)(deficit				(67.470)	(9,618)
					250,991	251,700
(c)	Cash beld as	part ofinvestment		portfolio
	On deposit wigr		banks
	On deposit at	stockbroker			646	692
					646	692
	Total investment assets at year			end	4,926,107	4382,010
	All invesnnents		are held prinwily	fortbe return they provide.
*	DEBTORS
	Rent anears Less: bad debt	tuovisico			10,890 (3.443)	10,890 (3,000)
	Net rsresrs				7,447	7,890
	Other debtors				25,831	13,990
	preiutymcnts				1,640	1487
					34,918	23,467
	Deposits held on		behalf oftenants
	Rent advances				1331	1,331
	Sundry creditors				5,029	5,011
	.Other creditors				18,000
						6,342

Brought forward on 1 April 2020 Net incmne/(expenditure) (page 7)					1,317,152 519,392	1,274,194 (34,110)
Unrealiscd losses/(gains)
Revaluatiou (gam)/loss - investments Revaluation (gain)/loss -buildings					(57.879) (426,375) 41,208 30,772
Realised gains/(tenses) on disposal ofinvestments
Previously umealised surplus/(deficit) released Rom revaluation Realised gaia/(ttus) on disposal ofproperdes					resene 27	5,088
Previously unrealised surplus/(deficit)	released fmrn revaluation				reserve
					1,352,317	1,317,152
The accumulated fund is represented	by	investment		assets	of 61317,979 and net	current assets
off34,338.
REVALUATION RESERVES
Land and Bufidings
Brought forward Surplus/(deficit) on revaluation Transferred to accumulated genaal had					3.114,281 426.375	3,145,053 (30,772)
					3~,655	3.114381
Investments
Brought forward					9,620	55,916
Surplus/(deficit) on revaluation (note 3b) Transfemxl (to)/from accumulated general	fund	upon sale (note 6)			57,879 (27)	(41808) (5,088)
					67,472	9,620
Total revaluation reserves at year end					3,608,128	3,123,901
The revaluation reserve is represimted by investment			assets off3,608,128.

The above commitments	relate to mfurbishment	relate to mfurbishment	work	in respect of an investment	in respect of an investment	prupeny	which has
been authorised but not	contracted	fcr by the	year end. The commitment		has not bren provided for
in the financial statements.	The above will be funded by			cash reserves.
							2020
							g
Donations (note 12)					62,000		64,000
Stationery, postage and consumables						410	402
Sundries						454	38
Internet and administration	costs					196	196
Governance costs (note 11)						5,602	4,815
					68,662		69,451
RAISING FUNDS
Investmmt management	costs
Property Expenses
Repairs and rates					29,631		38.821
Insurances						3,958	3.752
Collecdon and testing costs					23,673		24,070
Bad debt provisionhvrite	off					7,303	3,000
Stockbroker's fees						853	964
					65,418		70,607


GOVERNANCE		2021
		8
Independent ~ion fees		1,080	1,072
Legal and professional	fees	745
Accountancy services		3,680	3,652
Bank charges		97	91
		5.602	4,815
DONATIONS TO CHARITY			2021 g
Answers ln Genesis			2,000
Asia Link			1000
Bamabas Fund			2,500
Charles Thompson Mssion			2,000
Children Alone			I400
Christian Fellowship School			1,000
Christian Institute Blam Mnistries			3,000 1,500
Longcroft Church			19,500
Nepal Leprosy Trust			1400
New Tribes Mission Slavic Gospel Association			1,000 1,500
Vision For China			18,000
Wycliffe UK			6.000
			62,000
All tbe above donations	have been paid to institutions.